Another big loss for Korean GP

487 views

Nov.22 (GMM) There are worrying signs for the future of the new Korean Grand Prix, with organisers admitting yet another big financial loss for the October race.

Start: Mark Webber, Red Bull Racing leads
Start: Mark Webber, Red Bull Racing leads

Photo by: xpb.cc

The 2012 edition of the Yeongam event was the third since 2010, and all of them have recorded big losses.

The latest loss is $36 million, according to the Yonhap news agency.

"Just because the loss was reduced, I am not sure we can call this year's race a success," said South Jeolla council member Seo Dong-wook.

"We will need to take some fundamental steps to change it."

Write a comment
Show comments
About this article
Series F1
Article type Breaking news
Tags korea, korean gp, yeongam

User photos

Evan_DeCiren
F1

Evan_DeCiren

28 photos
colfox72
F1

colfox72

1 photos
EuroRacer
F1

EuroRacer

44 photos
gillfoto
F1

gillfoto

1 photos
akazoinho
F1

akazoinho

4 photos
Tim Holmes
F1

Tim Holmes

25 photos
jimmykwoods
F1

jimmykwoods

2 photos
nickmossdesign
F1

nickmossdesign

1 photos
Upload photo